Sample Notice of Right of Rescission Letter

Today, [date], you have entered into a deal which Federal Law gives you the right to cancel, if you so want, with no penalty or compulsion at any time within three business days from the date mentioned above.

By canceling this deal, any lien, mortgage or other security interest that results from this deal is negated automatically. Any upfront payment or other considerations you may have made for this transaction must be paid back to you in the event you revoke.

If you want to cancel this deal, you may do so by informing the following party:

[First name, Last name]
[Complete address]

by post or telegram before midnight [three days from now], or by other written form of notice sent to the address mentioned above no later than midnight [three days from now].

Please acknowledge the receipt of this notice by signing the form indicated below.
ACKNOWLEDGMENT OF RECEIPT OF NOTICE:

Each of the undersigned hereby accepts the receipt of two filled copies of this Notice of Right of Rescission.